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HOME WARRANTY PROTECTION

AS OF JULY 01, 1999 RESIDENTIAL BUILDERS APPLYING FOR BUILDING PERMITS TO CONSTRUCT NEW HOMES ARE REQUIRED TO PROVIDE THIRD-PARTY WARRANTY INSURANCE. THIS EXCLUDES OWNER-BUILT HOMES, PURPOSE-BUILT RENTAL HOUSING INCLUDING MULTI-UNIT SINGLE TITLE FACTORY BUILT HOMES, HOTELS , CARE FACILITIES AND FLOAT HOMES - THESE ARE EXEMPT.

THE 2-5-10 YEAR HOME WARRANTY INSURANCE IS A PROGRAM THAT OFFERS SUBSTANTIAL COMFORT AND LONG-TERM VALUE TO THE HOMEOWNER. A BUYER LOOKING AT NEW HOMES AND CONDO'S SHOULD BE PROVIDED WITH THE DETAILS OF THESE WARRANTIES AT THE BEGINNING OF THE PURCHASE PROCESS. THIS IS AN IMPORTANT ASPECT OF THE NEW HOME TRANSACTION AND SHOULD BE CLOSELY REVIEWED